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EMERGE Announces Credit Facility Amendment, Extending Term to October 2027

CNW Group

Thu, February 19, 2026 at 7:00 AM GMT+9 2 min read

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TORONTO, Feb. 18, 2026 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) (“EMERGE” or the “Company”), a portfolio of premium e-commerce brands and technologies, is pleased to announce that is has signed an amendment of its credit facility with its existing lender.

EMERGE has entered into a second amendment (the “Amended Facility”) to the second amended and restated credit agreement dated January 31,2024 with its existing lender, which amends the Company’s current credit agreement. The Amended Facility remains subject to the approval of the TSX Venture Exchange.

The Amended Facility provides a 20-month extension bringing the maturity to** October 2027. **The interest rate on the principal amount owing under the Amended Facility remains variable rate, unchanged at the greater of 9% per annum and the TD Prime Rate + 6.55% per annum.

The Company remains in good standing with its existing lender, which it has worked with since November 2019.

Ghassan Halazon, founder and CEO of EMERGE commented, “We are pleased to see our lender continue to support our progress and plans through late 2027, giving us more certainty over the next 20 months or so. Importantly, this amendment does not preclude us from refinancing our credit facility at a cheaper rate, at any time, should we secure more favourable terms. We believe that the materially improved financial performance of the Company, including the strong preliminary 2025 results recently announced, should be helpful in our efforts to secure a cheaper, long-term cost of capital.”

About EMERGE

EMERGE is a portfolio of premium e-commerce/ omni-channel brands and technologies. Our subscription, marketplace, and retail businesses provide our members with access to offerings across our grocery and golf verticals. truLOCAL is our flagship Canadian meat and seafood subscription service, connecting local farmers with a health-conscious audience. Our golf vertical includes our discounted tee-times/ experiences brand, UnderPar, and our discounted golf apparel and equipment brands, JustGolfStuff and Tee 2 Green. EMERGE is publicly traded on the TSX Venture Exchange under the symbol “ECOM”.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice regarding forward-looking statements

_This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including the risk factors discussed in the Company’s MD&A, Prospectus Supplement and Annual Information Form and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. _Unless otherwise noted, all amounts are in Canadian dollars.

Story Continues  

On Behalf of the Board
Ghassan Halazon
Director, President, and CEO
EMERGE Commerce Ltd.

Cision

View original content: http://www.newswire.ca/en/releases/archive/February2026/18/c9265.html

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